BPHX»Topics» BLUEPHOENIX SOLUTIONS TO ANNOUNCE FOURTH QUARTER AND YEAR END RESULTS ON JANUARY 31, 2008; CONFERENCE CALL TO FOLLOW RELEASE

BLUEPHOENIX SOLUTIONS TO ANNOUNCE FOURTH QUARTER
AND YEAR END RESULTS ON JANUARY 31, 2008; CONFERENCE
CALL TO FOLLOW RELEASE

HERZLIYA, Israel 
January 15, 2008  BluePhoenix Solutions (NASDAQ: BPHX), the leader in value-driven
legacy modernization, today announced that it will report its fourth quarter and year end
results on January 31st, 2008 before the market open. The Company will host a conference
call at 10am EST on the same day.

Conference Call Details:

Arik Kilman, Chief Executive Officer,
Varda Sagiv, Chief Financial Officer and David Leichner, Chief Marketing Officer will
discuss the fourth quarter and year end results and will be available to answer questions.
The conference call will be held on Thursday January 31st, 2008 at 10am EST (17:00 Israel
Time).

Interested parties are welcome to
call the telephone numbers listed below, five to ten minutes prior to the start of the
conference call.

In the US: (800) 230-1096 and outside
the US: (612) 332-0720.

Callers should reference
BluePhoenix Fourth Quarter and Year End Results to the AT&T conference
call operator.

An automated replay of the conference
call will be available from January 31 at 2:00 pm until February 6th at 11:59 pm (EST). To
access the replay please call US: (800) 475-6701 outside the US: (320) 365-3844 and enter
BluePhoenix Solutions access code of 907467.

The replay will be available from
February 7th onward at www.bphx.com.

About BluePhoenix
SolutionsBluePhoenix Solutions (NASDAQ: BPHX)
is a leading provider of value-driven modernization solutions for legacy information
systems. BluePhoenix offerings include a comprehensive suite of tools and services from
global IT asset assessment and impact analysis to automated database and application
migration, rehosting, and renewal. Leveraging over 20 years of best-practice domain
expertise, BluePhoenix works closely with its customers to ascertain which assets should
be migrated, redeveloped, or wrapped for reuse as services or business processes, to
protect and increase the value of their business applications and legacy systems with
minimized risk and downtime.

SAFE HARBOR: Certain statements
contained in this release may be deemed forward-looking statements, with respect to plans,
projections, or future performance of the Company, the occurrence of which involves
certain risks and uncertainties that could cause actual plans to differ materially from
these statements. These risks and uncertainties include but are not limited to: market
demand for the Companys tools, successful implementation of the Companys
tools, competitive factors, the ability to manage the Companys growth, the ability
to recruit and retrain additional software personnel, and the ability to develop new
business lines. This press release is also available at www.bphx.com. All names and
trademarks are their owners property.